Dairy Beverage Market Size, Share, Growth Report 2030

The worldwide dairy beverage market was estimated to be worth USD 75.62 billion in 2023 and is expected to grow to USD 117.29 billion by the end of 2032, according to a report released by Zion Market Research. Over the course of the projection period, the market is anticipated to rise at a CAGR of 5.12%. The study examines the factors driving and impeding the growth of the global dairy beverage market as well as their effects on demand over the projected timeframe. It will also assist in navigating and investigating the prospects that present themselves in the dairy beverage market.

Global Dairy Beverage Market: Overview

It is well recognized that dairy products are the body’s primary source of nourishment and energy. All age groups can benefit greatly from these beverages. Condensed milk, yogurt, buttermilk, powdered milk, and many more are examples of dairy beverages. Numerous vitamins and minerals, including calcium, omega 3, phytosterol, protein, fiber, magnesium, and many more, are included in these beverages. There are various varieties of these drinks available. Dairy beverages are also extensively used in the production of confections, bakeries, dairy products, and many other products.

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Global Dairy Beverage Market: Growth Factors

Consumer demand for easily consumable, high-nutrition beverages is one of the main drivers propelling the global dairy beverage market’s expansion. Furthermore, throughout the course of the forecast period, the global dairy beverage market is anticipated to experience development due to the notable surge in probiotic beverage consumption. The utilization of innovative tactics by producers to increase milk consumption, such as making sterilized milk available, has greatly accelerated the market’s global expansion. Because the product is processed uniformly, sterilized milk has a considerably longer shelf life and doesn’t create cream on top.

Global Dairy Beverage Market: Segmentation

There are various ways to segment the global dairy beverage market, including by distribution channel, packaging, type, category, and geography. The market can be divided into specialty shops, convenience stores, hypermarkets, and other categories based on the distribution channel. In the worldwide dairy beverage market, the hypermarket category has the biggest market share. The growth can be ascribed to the alluring bundles and discounts that hypermarkets provide. Additionally, the increasing tendency of frequenting hypermarkets because of their convenient shopping and wide selection of goods is fueling the segment’s rise.The market can be divided into bottles, cans, and cartons based on packaging. The cartons industry dominates all others. Its supremacy might be ascribed to these cartons’ biodegradability.

The market can be divided into flavored and unflavored beverage categories. Because flavored beverages are becoming more and more popular, especially with kids, they have the biggest share of the worldwide dairy beverage market.

Global Dairy Beverage Market: Regional analysis

Because of the growing demand for functional beverages, North America holds the greatest share of the global dairy beverage market. Additionally, the notable increase in the working population has made people more dependent on ready-to-drink beverages, which has greatly accelerated the expansion of the local market. Asia Pacific is expected to experience growth over the course of the projection period due to the region’s increasing dairy product consumption. In the region, consumers of dairy products are concentrated in developing economies such as China, Vietnam, and India. The expansion of the regional market has been greatly aided by the region’s growing population.Europe is also expected to experience significant growth as a result of consumers’ increased preference for healthier beverages.

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